This is a drum I've been beating for a long time. Crypto markets are high beta proxies to the stonks.
It's particularly relevant today because I thought about how it is important to realize the flip side of that.
As tradfi accuses crypto of being a pump and dump vehicle for scams (which has some truth to it, see my get rich quick posts recently), the exact same is true for their precious stock markets.
S&P 500:
NASDAQ 100:
BTC:
Even HIVE:
It's all the same nonsense driven by bot trading with fake derivatives.
Someday, people will start using crypto natively instead of as a speculative asset.
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While in the early days, these markets were not in sync, I think nowadays stocks and crypto are financial markets with the same pool of investors. Thus they move at once and the ripple propagates from one to the other.
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LoooooooooooL
That is nuts! Hey, can you post something about the current Yields and their Risks?
Yields of what?
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On holdings in the Hive Ecosystem. People can Stake/Pool Hive and HBD in a lot of ways.
Btw. that is tainted by USD Fiat swings today :)
Yep every day
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Hopefully decoupling would happen soon, but probably not before enough people remember what "crypto" in "cryptocurrency" stands for.
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